At this point I’m under the impression his 1031 is just him adding to a current deal/new build already underway.

Adding additional ducts for HVAC, or electrical to service the room can change that of course.As far as resale valuation, to ensure true designation of the 3rd bdrm., be sure to add a functional closet.If you're going to add to the footprint, cost can depend on the type of foundation, height of addition, and total roof area to be added.Good luck!

This usually assumes many things such as improved financials of the property, value-added, lower rates, more experience, more lenders competition, ... etc3.

Having $3MM of dry powder during a potential downturn is EXACTLY where I'd want to be, not invested in a property that is simply treading water, especially in a more expensive market.I am of course assuming a downturn, but there is no denying that even very active money (i.e. more time available to spend on adding value) is having a difficult time finding quality deals today. 

I would be adding $2300 in management fees and approximately $9000 in debt service (assuming $140,000). 

So, I am working with seller to craft a win-win-win (front-side and back-side) for all parties.ARV: $350,000.00MPP: 273,890.00Repairs: 17,500.00Potential Profit: $45,500.00Holding Days: 60Images to be added soon...

So, I am working with seller to craft a win-win-win (front-side and back-side) for all parties.ARV: $350,000.00MPP: 273,890.00Repairs: 17,500.00Potential Profit: $45,500.00Holding Days: 60Images to be added soon...

So, I am working with seller to craft a win-win-win (front-side and back-side) for all parties.ARV: $350,000.00MPP: 273,890.00Repairs: 17,500.00Potential Profit: $45,500.00Holding Days: 60Images to be added soon...

I kept adding the property tax amount but the calculator wasn't showing it for some reason. 

Year to date we saw 35,947 listings being added to our local MLS.